Is Rocky Point, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Rocky Point was a Buyer's Market.
Key Takeaway
Rocky Point is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rocky Point, NC
How much do homes in Rocky Point, NC cost?
Median Sold Price
$401,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rocky Point have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Rocky Point was $401,000 in May 2024, up 6.1% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $195K | -9.3% |
| 3 Bedrooms | $355K | $362.3K | +2.1% |
| 4 Bedrooms | $390.5K | $479K | +22.7% |
| 5+ Bedrooms | $469K | $488K | +4.1% |
Summary: Rocky Point housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Rocky Point | $378K | $401K | +6.1% |
| Rocky Point Township | $380.5K | $403K | +5.9% |
| Burgaw Township | $300K | $302.4K | +0.8% |
Housing Supply in Rocky Point, NC
How many homes are available in Rocky Point, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 | 60 | -11.8% |
Summary: The Rocky Point real estate market had 60 homes for sale in May 2024, a 11.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 39 | 31 | -20.5% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Rocky Point housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20.5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rocky Point, expect to pay close to the asking price. 47.4% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in Rocky Point in May 2024, up by 5.6% month-over-month. Of the 19 sold homes, 21% were sold under asking, 47% were sold at asking, and 32% were sold over asking.
Days on Market for Rocky Point, NC
How long does it take to sell a home in Rocky Point, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 108 Days | 57 Days | -47.0% |
Summary: Homes in Rocky Point had an average of 57 days on market in May 2024, down by 47% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rocky Point are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Rocky Point; 58% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
